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Remarks by Paschal Donohoe following the Eurogroup meeting of 11 July 2022

· Paschal Donohoe, President of the Eurogroup (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, payments, digital money and crypto-assets, growth, investment and productivity

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 11 July 2022

ContextPress remarks in Brussels after a meeting of euro area finance ministers; the Eurogroup coordinates economic policies for the single currency and prepares Croatia's entry.

Why it mattersMinisters share a common diagnosis with the IMF and ECB on slowing growth.

Problems raised
  1. Growth is slowing.
  2. Inflation is high.
  3. Vulnerable people need shielding.
Solutions proposed
  1. Share a common diagnosis with IMF, Commission and ECB.
  2. Advance the digital euro.
  3. Return to a sustainable recovery.
Read full speech on consilium.europa.eu ↗

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